Office/Industrial Space for
For Lease
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3361 Melrose Ave NW, Roanoke, VA
5,500 SF office/industrial space suitable for various uses.
Space Size5,500 SF
Lot Size2.62 Acres
Days on Market1160
Property Features for 3361 Melrose Ave NW
General Information
Standard status
Active
Size
5,500 SF
Lot size
2.62 Acres
Property subtype
FLEX_R_AND_D
Spaces For Lease
at 3361 Melrose Ave NW Contact us- Floor
- 1
- Size
- 5,500 SF
- Type
- FLEX_R_AND_D
- Lease Type
- PLUS_UTILITIES
- Availability
- AVAILABLE, Now
- Sublease
- No
Industrial Flex Space $8/SF/Yr
- Approximately 5,500 square feet of office/industrial space in a 29,000 square feet...
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Listing Agency:
Hall Associates, Inc
(540) 982-0011
Listed By:
Thomas Turner · License #0225002906
(540) 857-5858
Source:
Moodyscre
Added: Jul 10, 2023
Changed: Aug 9
Last Checked: Sep 11 at 10:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hall Associates, Inc
Investment Insights
Based on property information with market context.
This property offers approximately 5,500 square feet of office and industrial space within a one-story industrial building totaling 29,000 square feet. The space is suitable for office, research and development, and light industrial uses. It features private offices, large open areas, two restrooms, and a break area. There is a separate entrance into the suite. Ample paved parking is available. The landlord is open to making improvements to the space, potentially including providing more open industrial space and adding a drive-in door. The property has a central location with easy access to I-581. Tenant is responsible for utilities. Rate quoted is base rate subject to the cost of tenant improvements.
Key Highlights
- Approximately 5,500 square feet of office/industrial space.
- Central location with easy access to I‑581.
- Landlord will consider making improvements, including adding a drive‑in door.
Property Analytics
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Roanoke, VA
$10.88 /SF/Yr
Avg Asking Price
$7–$15 /SF/Yr
Price Range
5,866 SF
Avg Space Size
This space is priced 26% below the average of $10.88 /SF/Yr.
Vacancy Rate% for Office in Roanoke, VA
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Frequently Asked Questions
What type of property is this?
Flex space - 5,500 SF office/industrial space suitable for various uses.
Where is this flex space located?
The property is located at 3361 Melrose Ave NW Roanoke, VA.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Approximately 5,500 square feet of office/industrial space.; Central location with easy access to I‑581.; Landlord will consider making improvements, including adding a drive‑in door.
